Re: Looks like even management is swing trading
posted on
May 13, 2008 05:44PM
There are many individual random shareholders with hundreds of thousands of shares each some from REM days. I suspect there is a subtle attempt here to "shake the tree" and try to convince weaker holders to sell. Fair game. But at the end of the day, there is a potentially explosive upside to this stock, and as pointed out, the drills will speak. If insiders were trying to get off the stock, in this market the price would be tumbling because new players are few and sparsely monied. Lots of washy/churn going on, looking to me like someone trying to entice some potential sellers of larger pieces. Insiders and closely connecteds are hanging on tight (and represent a large % of the float).